Ashgabat, Turkmenistan, Sept. 16
By Huseyn Hasanov – Trend:
A draft state budget for 2020 is being prepared in Turkmenistan, Trend reports referring to Turkmen government.
This issue was discussed at a meeting of the Cabinet of Ministers of Turkmenistan. President Gurbanguly Berdimuhamedov instructed to complete the relevant work in October.
As the head of state emphasized, the main financial document should be socially oriented. In addition, it was instructed to submit an investment program for 2020 for consideration.
The revenue part of the budget is formed mainly through such major sectors of the production sphere as oil and gas, chemical, electric power and construction industries.
The agro-industrial complex, the sphere of transport and communications, the textile and food industries will be further developed as well.
In January-July 2019, the execution of the revenue part of the Turkmen state budget reached 10.95 billion Turkmen manats, while the execution of the expenditure part reached 10.8 billion manats.
Turkmenistan holds one of the key positions for the supply of natural gas in the region. The gas is exported to China and Russia.
($1= 3.51 TMT on Sept 16)